Lot 117

PART-POSSESSION INVESTMENT WITH POTENTIAL PRODUCING JUST OVER £18,000 PER ANNUM

1, 2 & 3 Forest Farm Cottages, Lewes Road, Chelwood Gate, Haywards Heath, West Sussex, RH17 7DA
1, 2 & 3 Forest Farm Cottages, Lewes Road, Chelwood Gate, Haywards Heath, West Sussex, RH17 7DA
Guide Price £900,000+ * + Fees

Currently let at £18,012 per annum

Viewing by arrangement with Clive Emson Auctioneers

This is a rare and interesting opportunity to acquire a former farmstead arranged as three adjoining cottages and various outbuildings, approached via a shared driveway, with the site extending to just over half an acre. Two of the cottages are let on Regulated Tenancies and produce just over £18,000 per annum, with an end-terrace three bedroom cottage over two floors offered with vacant possession and in need of updating.

There are several stores within the farmstead, including garage/store and loft space above and various outbuildings, including a detached former dairy/cowshed and barn with adjoining parking area. There is potential to extend and create additional residential accommodation, subject to all necessary consents being obtainable.

The properties are situated in a semi-rural location on the A275 Lewes Road, just south of the village of Chelwood Gate on the edge of Ashdown Forest. They form part of the High Weald Area of Outstanding Natural Beauty and are located between Crowborough and Haywards Heath with excellent road links to all surrounding areas via the nearby A22 and A272.

Cottage 1

Ground Floor

Entrance hall, living room, kitchen/dining room, inner hall and utility room.

First Floor

Landing, three bedrooms, bathroom and separate W.C.

Tenancy

Let on a Regulated Tenancy at a registered rent of £746.50 per calendar month from 11th April 2020.

Cottage 2

Ground Floor

Entrance hall, living room, kitchen/dining room and bathroom/W.C.

First Floor

Landing, three bedrooms and separate W.C.

Tenancy

Let on a Regulated Tenancy at a registered rent of £754.50 per calendar month from 11th April 2020.

Cottage 3

Ground Floor

Entrance hall, store room, stairs to first floor, living room and kitchen.

First Floor

Landing, three bedrooms and bathroom/W.C.

Tenure

Cottage 3 and all of the remaining outbuildings and stores are to be offered with vacant possession.

Outside

There are two store rooms adjoining Cottage 1 with a detached storage unit opposite. There is a garage/store located between Cottages 2 and 3 with separate access to a loft area above. The former detached dairy/cowshed is within the grounds opposite Cottage 2. A detached barn with adjoining parking area is opposite, with additional parking and garden area surrounding.

Site Measurements

The site area extends to 0.21 hectares (0.53 acres).

Local Planning Authority

Wealden District Council. Tel: 01323 443322. Website: wealden.gov.uk.

Freehold with Part Vacant Possession

1, 2 & 3 Forest Farm Cottages, Lewes Road, Chelwood Gate, Haywards Heath, West Sussex
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Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/